On Sept. 26, 2016, Massroots (OTCQB:MSRT) issued a letter from Isaac Dietrich, Chairman and Chief Executive Officer, on the company’s outlook for Fall 2016, including updates on the product pipeline, user growth and expense reductions, among others; however, the letter failed to address the company’s recent default on debt.

On Aug. 11, 2016, the Drug Enforcement Agency announced that it would not reschedule marijuana. This announcement comes after months of rumors and speculation that the federal agency was preparing to change marijuana’s classification.

On May 24, 2016, MassRoots (OTCQB: MSRT), a social media app for cannabis enthusiasts, announced that NASDAQ denied the company’s application for listing on the NASDAQ Capital Market, which had been filed back in August 2015.

On April 28, 2016, the U.S. Securities and Exchange Commission announced the temporary suspension of trading in Pineapple Express (OTC: PNPL) due to unusual market activity in the company’s securities. The suspension started at 9:30 a.m. EDT today and will end at 11:59 p.m. EDT on May 11.

At a U.S. Senate Aging Committee hearing entitled, “Opioid Use Among Seniors – Issues and Emerging Trends,” on Feb. 24, 2016, Sen. Elizabeth Warren, D-Massachusetts, discussed how investing in medical marijuana research could help tackle the opioid crisis among senior citizens.

The political climate in Washington has never been so bitter and toxic than it is today. It seems there is almost nothing congress can agree on. So imagine the surprise when Sylvia Burwell, secretary of Health and Human Services, received a letter from a bipartisan collection of 30 congressional members requesting more marijuana research.

MJINews was started to aggregate, report and opine on various ways to make money in the legal marijuana industry. While medical marijuana has been legal in many states for years, its legalization for recreational use in Colorado and Washington in 2014 has catapulted the entire subject to new heights.
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